Latest real-estate & development news and updates
Maui County is exploring new hotel zoning districts as a potential solution to preserve some short-term rentals amid the ongoing housing crisis. The proposal, part of the discussion surrounding Bill 9, aims to address the economic impacts of restricting vacation rentals while also increasing housing availability for residents.
Maui County is considering creating new hotel zoning districts to preserve some short-term vacation rentals amid ongoing debate about affordable housing. This proposal, stemming from the Temporary Investigative Group studying Bill 9, aims to navigate the complex interplay between supporting tourism and addressing the severe housing shortage.
A recent review suggests that the impact of Maui's Bill 9, designed to phase out short-term vacation rentals, may be less severe than initially anticipated. The potential modification could spare a significant number of condominium units from being converted to long-term rentals, offering a reprieve for some stakeholders.
The Hale Nā Koa ‘O Hanakahi, Hawaii Island's inaugural affordable housing development for senior veterans, is now fully occupied. This $58 million project, a collaborative effort, provides vital housing for veterans and seniors over 62, addressing the critical need for affordable living options in Hilo.
The ongoing legal dispute over water rights on Maui has escalated, now encompassing land ownership and control within the Kapalua Resort. This expansion of the feud, involving prominent landowners and businesses, highlights growing concerns about resource management and property rights in the region.
The Council for Native Hawaiian Advancement (CNHA) is spearheading projects that aim to revitalize Native Hawaiian lands and culture, offering new avenues for investment and entrepreneurial ventures. These initiatives, exemplified by the development at Honouliuli, signal a growing momentum for Native Hawaiian empowerment and self-determination in Hawaii's business landscape.
A legal battle over water rights on Maui has intensified, with the dispute now encompassing control of a landowner association at the Kapalua Resort. This escalation highlights the growing tensions surrounding resource management and development on the island.
A bill in Maui County aimed at extending deed restrictions on affordable housing developments faced a near-death experience, but was ultimately revived by the council. This decision underscores the ongoing commitment to preserving affordable housing options for local residents amidst a challenging real estate market.
The Department of Hawaiian Home Lands (DHHL) is rapidly awarding residential project leases on Maui, with over 1,100 leases slated for allocation. This initiative, fueled by a significant financial investment and recent events, aims to alleviate the housing shortage and stimulate development in the region, presenting unique opportunities for investors and entrepreneurs.
The slow pace of Lahaina's recovery from the devastating 2023 wildfires is raising serious concerns about the town's economic future. With estimates suggesting a rebuild timeline stretching to 2038 at the current rate, investors, business owners, and residents face an uncertain path forward.
A collaborative forum between the Grassroot Institute and Hawaiʻi Appleseed will address Hawaii's housing shortage, focusing on research and practical reforms. The event aims to foster solutions for safe, affordable homes amidst increasing challenges in the real estate market.
A proposed charter amendment in Hawaii County to establish a new Department of Building has been postponed due to concerns over its financial implications, broad scope, and overall necessity. This decision has important implications for the local construction industry and those involved in real estate development.
Honolulu's new HNL Build online permitting system, replacing the outdated POSSE platform, is now operational and showing promise. This digital transformation aims to enhance efficiency and transparency for businesses and residents navigating the city's planning and permitting processes.
Recent letters to the editor highlight growing concerns surrounding the new Aloha Stadium project, alleging political influence and questioning the economic benefits for Hawaii. The debate centers on the stadium's size, cost, and the potential for developers to profit at the expense of taxpayers.
A recent Hawaii Supreme Court decision has significant implications for beachfront property owners, ruling that they are not entitled to compensation for temporary regulatory takings of accreted beach areas. This ruling could impact property values and future development along Hawaii's coastline.
JL Capital's recent $36 million land acquisition near Ala Moana Center signals a significant commitment to Honolulu's real estate market. The investment suggests a strategic pivot towards residential development in a prime location, potentially reshaping the Kapiolani corridor.
A temporary investigative group, led by Council Member Nohelani Uʻu-Hodgins, is set to release a report on October 14th outlining its findings regarding the proposed phase-out of transient vacation rentals (TVRs) in Maui's apartment districts. This report comes as the county grapples with balancing housing needs and the tourism industry.